electronic gold and silver futures on the highs or close to them overnight now ... hope there is not " slippage" tonight in case stops are hit looks like a tight market as if waiting for someone to blink ! feb gold $512 high mar silver $8.74 high ( ecbot prices ... not comex )
was reading bloomberg japan tonight ... as saw a comment from a mr gartman which at first glance made me wonder if he was changing his mind on gold as a week ago he thought there could be a selloff ... maybe he is still waiting for a dip to buy ? -`This is perhaps the most perfectly defined uptrend we have seen in our lifetime,'' said Dennis Gartman, 55, a trader, economist and editor of Suffolk, Virginia-based Gartman Letter. ``What we can learn from this is that weakness is to be bought rather than strength be sold.''-
does morningstar have a large amount of "eyeballs" or viewership ? www.morningstar.ca/globalhome/Industry/News.asp?Articleid=ArticleID112820051071
"Perfectly defined uptrend", in "lifetime"?? What, since the last uptrend in gold? It must have been a while. Geesh.
sheesh ... this dude wants to become the next "henry blodget" ? ... as if $525 or $550 is not high enough ? my jaw dropped a little reading this call today on cbsmarketwatch site from a newsletter writer - Doelling thinks gold may even attempt to rally to "that next nice round number -- $600 -- possibly before the year's close.-
Whos henry blodget?Please excuse my ignorance. $600 before xmas. O-k.......dont see it myself, BUT, if the standard consumer spending blitz fails, on the top of anything suggesting household debt has financed the xmas splurge (which it will) , throw in some bad news from the middle east, and-and............ no, $600 is a big call, period.
henry blodget was an analyst who in the nasdaq bubble era called "AMZN" to $400 ... when amzn was about 1/2 that price ... (AMZN hit his target price and made a name for him at the time ) now here is Jim Rogers quoted in an artcle not saying he does not have an agenda but he is still bullish on commodities http://www.miningmx.com/gold_silver/666464.htm